COPT Defense Properties (NYSE:CDP – Get Free Report) is scheduled to be releasing its earnings data after the market closes on Monday, October 28th. Analysts expect COPT Defense Properties to post earnings of $0.64 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
COPT Defense Properties (NYSE:CDP – Get Free Report) last released its quarterly earnings results on Monday, July 29th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.33). The business had revenue of $187.34 million during the quarter, compared to analyst estimates of $166.11 million. COPT Defense Properties had a negative net margin of 15.75% and a negative return on equity of 7.52%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. On average, analysts expect COPT Defense Properties to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
COPT Defense Properties Stock Up 0.8 %
CDP stock opened at $32.29 on Friday. The company’s 50 day simple moving average is $30.32 and its 200-day simple moving average is $27.01. The firm has a market capitalization of $3.64 billion, a PE ratio of -29.74 and a beta of 0.99. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $32.51. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.17 and a quick ratio of 3.17.
COPT Defense Properties Announces Dividend
Insiders Place Their Bets
In other COPT Defense Properties news, COO Britt A. Snider bought 1,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average price of $29.41 per share, with a total value of $29,410.00. Following the purchase, the chief operating officer now owns 2,000 shares in the company, valued at approximately $58,820. The trade was a 100.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.06% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the stock. Truist Financial raised their target price on shares of COPT Defense Properties from $27.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, August 29th. Evercore ISI raised their target price on shares of COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. raised their target price on shares of COPT Defense Properties from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. Wedbush raised their target price on shares of COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company decreased their target price on shares of COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.
Check Out Our Latest Analysis on COPT Defense Properties
About COPT Defense Properties
COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements.
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